New Zealand Gazette – 2007 – No. 85

Page 2221

✨ Equalisator Betting Rules



30 JULY 2007 NEW ZEALAND GAZETTE, No. 85 2221

9 Fractions

All amounts not payable as part of a Dividend because of rounding in accordance with section 7 may be retained by the Racing club and must be regarded for all purposes as part of the Racing club’s funds.

10 Accounts

Within one month after every Race Meeting, the Racing club shall send to the relevant Racing code a full report of the amount of Equalisator betting and the amounts paid out in respect of each Race. As soon as practicable, following the Racing club’s annual meeting, every club that has conducted Equalisator betting shall forward to the Racing code a certified copy of its accounts for the preceding financial year.

11 Ticket Format

Every Equalisator Ticket shall bear:

(a) The name or initials of the club conducting the Race Meeting; and

(b) The date on which the Race, in respect of which it is issued, is run; and

(c) The number of the Race and the letter on the Equalisator of the horse or greyhound in respect of which it is issued; and

(d) The value of the Ticket – i.e. either $1.00 or $2.00

(e) An official stamp or design; and

(f) If there is more than one betting pool on the Equalisator, a distinctive word showing the particular pool in respect of which the Ticket is issued.

In order to meet the requirements for the Equalisator Tickets, the Racing Club must complete the following procedures:

(a) Pads of Tickets shall be prepared on which are printed:

(i) The name of the club

(ii)    A letter of the alphabet

(iii)   A distinctive word indicating the nature of the pool

(b) Rubber stamps must be provided for each Race and these stamps must contain:

(i) Race number

(ii)    Ticket value

(iii)   Date

(iv)    A distinguishing code designed to prevent the possibility of a fraudulent Ticket not issued by the club being paid as a genuine Ticket.

A separate alphabetical letter is required for each horse or greyhound and Tickets for each such letter must be issued in progression. Tickets must be stamped before issue.

Each Ticket in the Race must be of the same value. For the avoidance of doubt, all Tickets in a particular Race must have a value of either $1.00 OR $2.00. Investors are able to purchase more than one Ticket in the Race if they wish.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2007, No 85


Gazette.govt.nz — PDF NZ Gazette 2007, No 85




✨ LLM interpretation of page content

🏭 Equalisator Betting Rules under Racing Act 2003 (continued from previous page)

🏭 Trade, Customs & Industry
Betting, Racing, Rules, Racing Act 2003, Equalisator, Clubs, Definitions, Licensing, Race Meetings